Poleznye Svyazy entered Forex

Since  November 1, 2015 The Communications Agency Poleznye Svyazy will provide one of the largest and mature Russian FOREX players – сompany «TeleTrade» with the communications support. The key objective for the agency will be effective communications set up with federal and regional media, including the purpose of explaining the new provisions of the law regulating the activities of Forex dealers to a wide range of individuals involved in Forex trading. In accordance with effective from October 1, 2015 Law 460-FZ of all  Forex companies operating in Russia must be licenсed professional participant of the financial market and have to enter SRO. Dealers also have to make a contribution of 2 million rubles to the compensation fund, from which private customers can receive the money in case of bankruptcy of the dealer. Minimum Equity Forex dealers must be at least 100 million rubles. Additional limit leverage ratio must be 1 to 50. Also, the law requires companies to keep client money separate from their own funds - on special accounts in Russian banks. These measures are designed to make this segment of the financial market transparent and clear of fraud.